overall gold analysis will help the daily trading gold range, china is main fact in gold price spikes,
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Gold futures & XAU 78 replies
GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies
Daytrade - XAU/USD & XAG/USD 14 replies
XAU/JPY & XAG/JPY 13 replies
Successful XAU/USD traders 7 replies
Dislikedhhh On a blank sheet with no other influences I expect Price to Rise
I won't make it any simpler.
If You Don't KNOW Why... DON"T Trade.
Man. No Free Lunch.
This is Work.
BMcIgnored
DislikedLet me remind you all that according to a seasonal trend gold moves lower in February.Ignored
DislikedSo then what about last year when it opened at 1333 and closed at 1411?Ignored
DislikedCORRECTION
I knew I was wrong!!!!
THE MEASURE IS MADE FROM THE POINT OF BREAK.
Look below
This means break at 1650 appx + 450 = TARGET of 2100
http://stockcharts.com/school/data/m...conti-sun2.png
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DislikedLet me remind you all that according to a seasonal trend gold moves lower in February.Ignored
Dislikedlol Bemac. I think you've more than contributed your fair share. Love your vids on james16 btw, learnt heaps.Ignored
Dislikedi wait Gold came a little back,and make a new order 1720,or 1715.
steveIgnored
DislikedI see gold hitting 1,760 this week. Up to you if you want to wait for better entry.
B
As a Matter of fact; My SL on this Trade is 1,713 (Poss 1Hr H/S)Ignored
Dislikedmy first entry last week is 1650, sl 1712.
and open entrys 1730.1735. sl 1715.
steveIgnored
DislikedLet me remind you all that according to a seasonal trend gold moves lower in February.Ignored
DislikedTrend:......symmetrical triangle marks a consolidation period before continuing after the breakout.
Volume: As the symmetrical triangle extends and the trading range contracts, volume should start to diminish. This refers to the quiet before the storm, or the tightening consolidation before the breakout.Ignored
DislikedNotice the line I have drawn to reference the declining volume present during consolidation.
Bolded text is from the quoted text in referenced postIgnored